Is The Policy Change In China Going To Help VeriSign’s Top-Line?
In the last quarter, it was revealed by the Chinese government that registrations for .com and .net names will now be allowed in the country. This will be the first time that non-Chinese registries are to be allowed in the most populous country in the world. This marks a huge opportunity for VeriSign as the company now has the potential to increase sales in the region at an unprecedented level given the global popularity of the TLDs in question.
The company has always performed well there and this could be just the nudge the company needed to take things to the next level. Just this quarter, revenues grew at a mammoth 71% in the region. We can now expect the same or higher revenues going forward.
- Despite 40% Rise This Year Is Akamai Stock A Better Pick Than VeriSign?
- Is FirstEnergy A Better Pick Than Verisign Stock?
- How Has VeriSign Stock Performed During The 2022-23 Inflation Shock?
- What’s Next For VeriSign Stock After A 20% Fall Since 2021?
- Forecast Of The Day: Verisign’s Number Of Domain Registrations
- Verisign Stock Has Underperformed Despite Steady Sales Growth – Here’s Why
Notes:
View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
More Trefis Research